Prentiss Properties Trust, Dallas, has priced a public offering of 2.0 million shares of its common stock at $29.90 per share.Prentiss, a real estate investment trust specializing in office property, said the net proceeds of $57.8 million will be used to acquire an unnamed office property that it has under contract for approximately $51 million, as well as to buy additional office properties or to redeem in part an outstanding series of preferred stock. Deutsche Bank Securities, the sole underwriter, has been granted an option to buy up to an additional 300,000 common shares to cover any overallotments, the REIT said.
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